Quits, openings up in June, US businesses “caught on back foot”

10 August 2021

 

Summary: US quit rate rises in June JOLTS report; skills, pandemic dislocations remain; job openings, separations up; businesses “caught on back foot”, US labour market rebound “in full swing”;  “good reason” to expect further payroll gains ahead, should “further justify tapering”.   The number of US employees who quit their jobs as a percentage of total employment increased slowly but steadily after the GFC. It peaked in March 2019 and...

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